CBM: Coal-Bed Methane Gas?
In their July, 2007 press release, Lexam states that their 3-D seismic survey confirms the presence of Cretaceous-age source and reservoir rocks for hydrocarbons (natural gas) over the entire 16,000 acre area they surveyed. They report that total prospect area is 2,180 acres in size and the two priority targets are estimated to be located 14,000 feet below the surface. They further state that the Cretaceous-aged Dakota Sandstone is the primary target (Figure 2) Lexam consulting geologist, Thomas A. Watkins, also identified Cretaceous-aged Mancos Shale and Jurassic Morrison Formation. Both Lexam’s recent press release and the earlier geological report suggest that Lexam’s target is “conventional natural gas”. However, the nearby Read More …